MOG DIGITECH (01942.HK): Expected to Swing from Profit to Loss in H1 2026, Net Loss of No Less Than RMB30 Million

NewTimeSpace · 2026/07/24 13:08 · By Boyuan Chen

NewTimeSpace News: MOG Digitech(01942.HK) announced that based on preliminary review of the unaudited consolidated management accounts covering the five months ended 31 May 2026, the Group expects to record a net loss attributable to owners of the Company of no less than approximately RMB30 million for the first half of 2026, compared with a net profit of roughly RMB1.9 million in the same period of 2025. The loss is mainly attributable to a sharp decline in revenue from the digital payment solutions business, insufficient capital for the financing services segment and lower purchase rebates.

NewTimeSpace News: On 24 July 2026, MOG Digitech(01942.HK) released an inside information announcement. Based on preliminary review of the Group’s unaudited consolidated management accounts for the five months ended 31 May 2026 and other information available to the Board, the Group anticipates an unaudited consolidated net loss attributable to owners of the Company of no less than approximately RMB30 million. Accordingly, the Group is expected to post a net loss attributable to owners of the Company for H1 2026, versus a net profit of around RMB1.9 million recorded in the corresponding period of 2025.

The anticipated loss mainly stems from a substantial drop in the Group’s revenue and gross profit, driven by the following factors: fierce competition in the PRC market resulting in a significant fall in revenue of the digital payment solutions business segment; insufficient capital within the financing services business to provide working capital liquidity to customers; reduced purchase rebates squeezing gross profit of the optical product retail, franchising and licensing management segment.

The Group expects to publish its interim results announcement by the end of August 2026.

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MOG DIGITECH 01942.HK turned profitable from loss